Written by ForexBrokers.com
In this head to head comparison of Questrade vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, Questrade and Axi both stand out with their strong regulatory backgrounds. Questrade, founded in 2000, is a highly trusted broker with a ForexBrokers.com Trust Score of 86. While not publicly traded or a bank, Questrade holds two Tier-1 licenses that recognize its reliability in the industry. Similarly, Axi was founded in 2007 and holds a Trust Score rating of 82. Though Axi is also not publicly traded or a bank, it maintains two Tier-1 licenses and an additional Tier-2 license, emphasizing its commitment to trust and security among traders.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Year Founded | 2000 | 2007 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Questrade and Axi in terms of commissions and fees, there are some noteworthy differences. Questrade's target spread for the EUR/USD pair is 1.9 pips, which is relatively high compared to the industry average. This could result in higher trading costs for those frequently engaging in forex transactions. As a result, Questrade receives a 3-star rating for its commissions and fees from ForexBrokers.com and is ranked #58 out of 63 brokers in this category.
On the other hand, Axi does not provide specific average spread data, making a direct comparison of its spreads challenging. However, Axi's fee structure is generally more favorable, earning it a 4-star rating from ForexBrokers.com. This suggests that Axi offers a more cost-effective trading experience compared to Questrade. In the commissions and fees category, Axi is ranked higher, coming in at #43 out of the 63 brokers evaluated by ForexBrokers.com.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Axi in terms of their range of investments, Questrade stands out with a broader selection. It offers 641 tradeable symbols, including 110 forex pairs. In contrast, Axi provides 175 tradeable symbols with 65 forex pairs. Questrade allows clients to trade exchange-traded securities on U.S. and international exchanges, enabling purchases of stocks like Apple and Vodafone. Meanwhile, Axi lacks the option to trade exchange-traded securities on such exchanges. Both platforms enable forex trading through CFDs or spot contracts, and offer cryptocurrency derivatives, but not actual cryptocurrencies.
While Questrade doesn't offer copy trading, Axi does feature this service, which might appeal to traders looking to mirror successful strategies. However, when rated for their range of investments, Questrade receives a commendable 5-star rating, significantly higher than Axi's 3.5 stars. This gap is reflected in their respective rankings by ForexBrokers.com, with Questrade ranked at number 11 out of 63 brokers, while Axi stands at number 56. These rankings highlight Questrade's diverse investment opportunities in comparison to Axi's more limited offerings.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 175 |
| Forex Pairs (Total) | 110 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Questrade and Axi, both brokers provide free virtual demo accounts for simulated trading, allowing users to practice without financial risk. Questrade boasts a proprietary platform developed in-house, offering a unique interface tailored to its users. Both brokers support Windows-based and web-based platforms, enabling flexibility in how traders access their accounts. Axi appeals to those interested in copy trading, supporting MetaTrader 4 and ZuluTrade for seamless strategy replication, while Questrade features DupliTrade as an alternative.
Questrade sets itself apart with a wider selection for watch lists, offering 52 customizable fields compared to Axi's 7, and provides more drawing tools with a count of 20, compared to Axi's 15. Both brokers allow trading directly from a stock chart, simplifying trade execution. Despite Axi's support for popular MetaTrader 4, Questrade’s trading platforms and tools are rated slightly higher with 4 stars out of 5, and ranked 34th out of 63 brokers on ForexBrokers.com, whereas Axi receives 3.5 stars and ranks 63rd. This positions Questrade as a preferable option for those valuing a proprietary experience and comprehensive platform features.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | ||
| DupliTrade | Yes | |
| ZuluTrade | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Questrade and Axi provide comprehensive mobile trading apps for iPhone and Android devices, offering users the flexibility to trade on the go. Both apps support stock and forex price alerts, watchlist creation with real-time quotes, and the ability to draw trendlines on charts. However, a key distinction lies in their charting capabilities: Questrade offers 64 technical studies, compared to Axi's 30, which could provide more in-depth analysis options for traders on Questrade.
Questrade's app also shines with features like auto-saving chart drawings and syncing watchlist symbols with a client's online account, ensuring a seamless experience between mobile and desktop. In contrast, Axi lacks automatic chart drawing saves and watchlist syncing. Questrade's mobile app is rated 4 stars out of 5, placing it 34th among 63 brokers for mobile trading apps according to ForexBrokers.com. Axi, with a 3.5-star rating, ranks 59th, highlighting that Questrade may offer a more polished mobile trading experience for users seeking comprehensive app features and functionality.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings between online brokers Questrade and Axi, several key differences emerge. Both brokers provide tools for technical and fundamental analysis from Autochartist, as well as comprehensive economic calendars to keep traders informed of global events. However, Axi stands out by offering forex news from renowned sources like Bloomberg and Reuters, along with sentiment-based trading tools that give insights into market positioning. On the other hand, Questrade shines by providing market research from TipRanks and features additional analysis tools from Trading Central, giving their users an edge with data-driven insights.
In terms of overall research capabilities, Questrade garners a slightly higher rating of 3.5 stars compared to Axi's 3 stars. When examined by ForexBrokers.com, Questrade is ranked at 51 out of 63 brokers, while Axi is placed at 55. This suggests that although neither platform leads the industry in research tools, Questrade offers a slight advantage in the variety and quality of its market analysis resources. Yet, Axi's straightforward access to respected financial news sources and sentiment tracking may better suit users who prioritize these specific features.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners on Questrade and Axi, both platforms provide a solid foundation in forex and CFDs education, offering at least 10 educational pieces like articles, videos, and webinars. However, if you are interested in regular learning sessions, Axi stands out by offering at least one educational client webinar per month, a feature not confirmed for Questrade. On the other hand, Questrade provides an advantage with a searchable archive of previously recorded client webinars, making it easier for users to revisit past sessions and learn at their own pace.
For beginners looking for video content, both Questrade and Axi offer a variety of videos covering basic trading topics. However, neither platform provides a comprehensive selection of advanced educational videos for experienced traders. While Questrade lacks an investor dictionary, Axi includes one with definitions of over 50 investing terms, which may benefit newcomers building their trading vocabulary. In terms of educational ratings, Questrade scores 3.5 stars, slightly higher than Axi's 3-star rating. Interestingly, though, Axi ranks higher in ForexBrokers.com's Education category, coming in at 27th out of 63 brokers, compared to Questrade's 36th position.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Axi. Questrade finished with an overall rank of #32, while Axi finished with an overall rank of #49.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 82 |
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Questrade does not offer the ability to buy actual delivered cryptocurrencies, only cryptocurrency derivatives, whereas Axi provides the option to trade cryptocurrency derivatives but not to purchase actual delivered cryptocurrencies.
In comparing online brokers Questrade and Axi, it is noteworthy that both offer Visa or Mastercard and bank wire transfers for depositing or withdrawing account funds, while Axi additionally supports Skrill, yet neither broker provides ACH, SEPA, or PayPal transfer options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Axi | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 2000 | 2007 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | |||
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). |
| Tier-2 Licenses (Trusted) | Questrade | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Questrade | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 175 | |
| Forex Pairs (Total) | 110 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Questrade | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes |
| Funding | Questrade | Axi | |
|---|---|---|---|
| Minimum Deposit | $250 | $0 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Questrade | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | |||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade | Yes |
| Trading Tools | Questrade | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes |
| Research | Questrade | Axi | |
|---|---|---|---|
| Daily Market Commentary | |||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Questrade | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | Questrade | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review |
| Overall | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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